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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 44,295 $ 127,498
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of mortgage servicing rights 70,080 125,292
Loss on valuation of mortgage servicing rights, at fair value 48,480 11,809
Impairment of mortgage servicing rights 1,608 0
Gain on sale of mortgage servicing rights (56,712) 0
Realized and unrealized losses on derivative financial instruments 7,268 1,539
Provision for bad debts 24,686 52,564
Depreciation 8,420 10,846
Amortization of debt issuance costs 7,311 2,297
Gain on extinguishment of debt 0 (2,609)
(Gain) loss on sale of fixed assets (1,095) 165
(Increase) decrease in deferred tax assets, net (18,909) 16,547
Equity-based compensation expense 3,581 7,784
Gain on loans held for sale, net (89,636) (82,823)
Origination and purchase of loans held for sale (2,314,488) (4,501,731)
Proceeds from sale and collections of loans held for sale 2,517,096 4,422,560
Changes in assets and liabilities:    
Decrease in advances and match funded advances 383,028 123,299
Increase in receivables and other assets, net (29,957) (1,022)
Decrease in other liabilities (84,690) (116,971)
Other, net 14,599 12,979
Net cash provided by operating activities 534,965 210,023
Cash flows from investing activities    
Origination of loans held for investment – reverse mortgages (530,402) (357,104)
Principal payments received on loans held for investment - reverse mortgages 63,942 28,601
Purchase of mortgage servicing rights, net (6,252) (9,749)
Proceeds from sale of mortgage servicing rights 388,938 0
Acquisition of advances in connection with the purchase of mortgage servicing rights   (84,373)
Acquisition of advances in connection with the purchase of loans 0 (60,482)
Proceeds from sale of advances and match funded advances 128,821 0
Additions to premises and equipment (8,038) (5,092)
Proceeds from sale of premises and equipment 4,758 22
Distributions of capital from unconsolidated entities 0 6,572
Other 2,158 1,459
Net provided by (used in) investing activities 43,925 (542,199)
Cash flows from financing activities    
Repayment of match funded liabilities (349,125) (292,297)
Proceeds from other secured borrowings 3,895,539 3,007,709
Repayments of other secured borrowings (4,455,813) (3,139,093)
Proceeds from issuance of senior unsecured notes 0 350,000
Payment of debt issuance costs (18,610) (6,417)
Proceeds from sale of mortgage servicing rights accounted for as a financing 0 123,551
Proceeds from sale of loans accounted for as a financing 532,856 381,579
Proceeds from sale of advances accounted for as a financing 0 81,828
Repurchase of common stock 0 (94,607)
Payment of preferred stock dividends 0 (1,163)
Proceeds from exercise of common stock options 413 1,176
Other 6,457 869
Net cash (used in) provided by financing activities (388,283) 413,135
Net increase in cash 190,607 80,959
Cash at beginning of year 129,473 178,512
Cash at end of period 320,080 259,471
Supplemental non-cash investing and financing activities    
Transfer of loans held for sale to loans held for investment 0 110,874
ResCap [Member]    
Cash flows from investing activities    
Cash paid to acquire business 0 (54,220)
Ocwen Structured Investments, LLC (OSI) [Member]    
Cash flows from investing activities    
Cash paid to acquire business $ 0 $ (7,833)